Silver miners fall tracking metal prices

Pan American Silver

21/06/2024 18:45

** Shares of silver miners dip, tracking prices of the metal
 GOL/ 
    ** Spot silver  XAG=  down 3.7% at $29.57/ounce, following a
drop in gold prices, after data showed a strong U.S. economy,
with the dollar rising against other major currencies  USD/  
    ** Higher dollar makes metals priced in the currency more
expensive for foreign buyers
    ** Shares of Canadian miners Endeavour Silver  EDR.TO  and
Silvercorp Metals  SVM.TO  fall 5.5% and 4%, respectively
    ** First Majestic  AG.TO , Wheaton Precious Metals  WPM.TO ,
Pan American Silver  PAAS.TO  and MAG Silver  MAG.TO  down
between 4.3% and 1.8%
    ** ETFs abrdn Physical Silver Shares ETF  SIVR.P  and 
iShares Silver Trust  SLV.P  fall 3.5% each

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832
70128;))